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Gold is more effective than BTC in hedging the risk of a dollar collapse, according to Goldman Sachs.
Golden Finance reports that Goldman Sachs expects gold prices to reach $3,700 per ounce by the end of 2025 and rise to $4,000 in mid-2026. This forecast is based on the ongoing purchasing demand for gold from global Central Banks, investor concerns about economic recession, and a flight to safety regarding U.S. assets. Daan Struyven, co-head of global commodities research at Goldman Sachs, pointed out that risk-return analysis favors gold. Both Bitcoin and gold have seen significant increases over the past three years, but Bitcoin has exhibited greater volatility, is more sensitive to drawdowns, and has a higher positive correlation with tech stocks. Therefore, if one wishes to hedge against stock downside risk, the relatively low correlation and lower volatility suggest a considerable positive allocation to gold.